The world's richest man is still looking for a way out of a $44 billion deal, according to a new report from The Washington Post.
According to The Post, we will likely see a change in direction from Musk's team soon. Musk and friends stopped talking about funding the deal, according to reports. After signing on in early May, Larry Ellison and others are on board for financing.
It is not clear how these new shenanigans will affect a deal he has already signed onto. The merger agreement states that if Musk backs out of the deal, he would have to pay $1 billion, and it looks like he is looking for a way out of that too.
In the last few months, Musk has made a lot of noise with the claim that he was misled about the number of bot and fake accounts on the platform. Less than 5% of the platform's accounts aren't real people, which has long been found by the bot-counting methodology.
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The company accepted Musk's offer in April. After the economic winds shifted and Musk took his stock with him, he claimed that the deal he had already agreed to with the social networking site was on hold.
A guy is trying to weasel out of a bad acquisition. The ink is already dry on the deal for Musk and the employees who worked on it.
A rare instance of Musk actually engaging with the entity he is on the hook to buy and a gesture that signaled he was moving forward with the deal he has to move forward with is what happened last month.
There have been a few changes since he began trying to purchase the social networking site. Markets dove off a cliff after it was reported that Musk exposed himself to a flight attendant who later received a quarter of a million dollars. Oh, and Musk recently fathered children with a Neuralink employee who reports directly to him. Musk is on the verge of taking over at the micro-blogging site.
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